Voip-Pal.com Provides Shareholder Update
December 18 2014 - 5:00AM
Business Wire
Voip-Pal.com Inc. (“Voip-Pal”, “Company”) (OTC Pink: VPLM) is
pleased to provide shareholders and prospective investors with a
year-end update for 2014.
- Voip-Pal’s Board of Directors has
unanimously passed a resolution to cancel the first group of
recently frozen restricted shares of Voip-Pal stock. The
cancellation requires a legal process, which the Board has directed
the company counsel, Dr. Ryan Thomas, to pursue immediately. Once
the court process is complete, the Company will instruct its
transfer agent to cancel the shares, at which point the shares will
be returned to the treasury. The shares in question represent about
10% of the current outstanding shares total.
- The Company continues to be
aggressively engaged in activities and discussions aimed at
monetizing the patent portfolio. Voip-Pal has been approached by
and has had introductions made on their behalf to major
corporations in the VoIP industry. Discussions are progressing as
the Company continues towards its number one objective of being
acquired.
- Voip-Pal is currently consulting with
its legal team in order to evaluate its options with regard to
possible infringements on the Company’s proprietary
technology.
Voip-Pal’s CEO, Emil Malak, stated, “We are confident that our
technology is such that whichever company acquires our patent suite
will hold the keys to controlling VoIP calling. The Board knew that
selling the Company is not something that happens overnight. We
have taken all necessary steps in order to conclude a possible
acquisition and continue to work towards achieving this goal. I
believe that the present depressed share value does not properly
reflect the tremendous upside that Voip-Pal technology and patents
will provide the purchaser.”
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation
(OTC Pink: VPLM) headquartered in Bellevue, Washington. The Company
owns a portfolio of patents relating to Voice-over-Internet
Protocol (“VoIP”) technology that it is currently looking to
monetize.
Voip-Pal.com Inc.Rich Inza, 954-495-4600IR inquiries:
IR@voip-pal.comwww.voip-pal.com
Voip Pal Com (QB) (USOTC:VPLM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Voip Pal Com (QB) (USOTC:VPLM)
Historical Stock Chart
From Apr 2023 to Apr 2024